MidWestOne Bank - M&A Summary and Business Overview

Financial ServicesCompany

MidWestOne Bank M&A Summary

MidWestOne Bank has acquired 3 companies, including 2 in the last 5 years. It has also divested 1 asset.

MidWestOne Bank’s largest acquisition to date was in 2018, when it acquired ATBancorp for $170M. MidWestOne Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

MidWestOne Bank Business Overview

Where is MidWestOne Bank headquartered?

MidWestOne Bank is headquartered in Iowa City, Iowa.

What is MidWestOne Bank’s revenue?

MidWestOne Bank disclosed revenue of 163M USD for 2023 and 214M USD for 2022.

How many employees does MidWestOne Bank have?

MidWestOne Bank has 732 employees.

What sector is MidWestOne Bank in?

MidWestOne Bank is a financial services company.

When was MidWestOne Bank founded?

MidWestOne Bank was founded in 1934.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 4

MidWestOne Bank

MidWestOne Financial Group, Inc.

102 South Clinton Street,
Iowa City, Iowa 52240
United States,
(319) 356-5800
www.midwestonefinancial.com

MidWestOne Bank is a provider of electronic delivery of financial services through its website, MidWestOne.com. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne Bank was founded in 1934 and is based in Iowa City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - 1 - 1 - 3
vol $170M $48M $33M $251M
Sell (0.2/yr) # - - - - 1 - 1
  4

Most Recent M&A

Company Date Value Type
Denver Bankshares, Inc. 2023-09-27 33M USD Add-on Acquisition
Denver, Colorado · www.thebankofdenver.com
MidWestOne Bank - Naples and Fort Myers Banking Operations 2023-09-23 - Divestiture
Naples, Florida
Iowa First Bancshares Corp. 2021-11-01 48M USD Add-on Acquisition
Muscatine, Iowa · www.fnbmusc.com
ATBancorp, Inc. 2018-08-22 170M USD Add-on Acquisition
Dubuque, Iowa · www.atbancorp.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 251M (100%) 1 (100%) -
Total 3 $251M 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 251M 1 -
  Iowa 2 218M - -
  Colorado 1 33M - -
  Florida - - 1 -
Total 3 $251M 1 -

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
 1
Hovde Group LLC
 1
Legal Deals
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN)
 2
Otteson Shapiro
 1

Deal Values

buy # Total
$100M to $1B 1 $170M
< $100M 2 $80M
TOTAL $251M
Largest ATBancorp, Inc.
$170M (2018-08-22)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

163   24% 2023
214   8% 2022
199   4% 2021
192   10% 2020
175   36% 2019
129   9% 2018
119   7% 2017
112   11% 2016
101   58% 2015
64   2014
(millions of USD) Show More Show Less

Employees

732

Established

1934

Public

NASDAQ: MOFG

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Related Lists for MidWestOne Bank

Iowa Companies , Financial Services Companies , United States Companies , Iowa Financial Services Companies , Iowa Financial Services with Acquisitions , Iowa Financial Services with Divestitures

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Largest Iowa Companies , Acquisitive Iowa Companies , Recently Acquired Iowa Companies , Recently Sold Iowa Companies , Private Iowa Companies , Public Iowa Companies , Acquired Iowa Companies , PE Backed Iowa Companies

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